The Offer
Direct Link (requires unique offer code)
The Fidelity 2% Visa card from Elan is sending out various targeted spend offers on the card.
- Get 1 point per dollar (3% cash back total instead of the standard 2%) on up to $2,000 in spend after meeting an initial spend amount on the card
I’ve so far seen two offers, though judging from prior offers there are probably dozens of variations of this offer:
- My offer was that after spending $1,900, I’ll get a bonus point per dollar (max 2,000 point).
- A reader got the same offer, but just needed to do $200 in spend before beginning to earn the bonus.
The Fine Print
- Offer valid after enrollment, from June 1 to July 31, 2017
- Must enroll by June 30
Our Verdict
Basically, you’ll earn 2% until you hit the threshold, and then you’ll begin earning 3% for the next $2,000 in spend. Elan probably figures out how much they expect you to spend, and they offer you an extra 1% to spend beyond that (max $20).
If you use 2% cards a lot anyway, you might as well shift from Double Cash to Fidelity and get the $20 bonus. These days, there are some 2.5% or 3% cards available, and it won’t necessarily be worth shifting your spend (depending what threshold you got from Elan).
In any case, read the terms closely before using. It took me a few minutes until I realized that I do not get 2,000 bonus on $1,900 spend; rather, I get 1 point per dollar beyond $1,900 in spend.
(Yes, I’m also still waiting for my $25 Amazon bonus.)
